> they have twice the number of subscribers of the nearest competitor(Disney)

And Disney had 60% subscriber growth in the past year (74M Q4 2020, 118M Q4 2021), while Netflix had 9% growth in the past year (203M Q4 2020, 222M Q4 2021), meaning the distance is shrinking as we speak. Disney sits on a massive portfolio of content, especially compared to Netflix. They are the bigger company, and have infrastructure to sell the content they own via multiple ways instead of just streaming.